Uniswap is a decentralized exchange that employs an AMM mechanism, enabling users to trade various tokens on the Ethereum network and other EVM-compatible networks. Launched in November 2018 by Hayden Adams, a software engineer with a background in mechanical engineering, Uniswap has consistently maintained a leading position in the AMM niche and established itself as the top decentralized exchange on Ethereum.
Currently, there are three versions of the Uniswap protocol. V1 and V2 are open-source and licensed under the GPL. V3 is also open-source with some minor modifications, and all three versions are currently operational alongside each other.
After over five years of development, amid numerous decentralized exchanges, Uniswap has solidified its position by consistently holding dominance in terms of users, trading volume, and locked value on the platform. Despite its continuous leadership, Uniswap has never rested on its laurels and has consistently innovated in terms of technology and user experience, exemplified by the successive releases of improved product versions. Show Less
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